FRIENDS OF MCGILL UNIVERSITY INC: Form 990, tax year 2020
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- Organization
- FRIENDS OF MCGILL UNIVERSITY INC (EIN 23-7054819)
- Tax period
- 2020-06-01 to 2021-05-31
- Filed
- 2022-01-12
- IRS object ID
- 202220129349301727
- Schema version
- 2020v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-01-12T16:16:46-06:00 | ReturnTs |
| Tax Period End | 2021-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 471349926 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRANK J SCARANO CPA PROFESSIONAL LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 44 PRYER TER | AddressLine1Txt |
| City | NEW ROCHELLE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 108044419 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237054819 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRIENDS OF MCGILL UNIVERSITY INC | BusinessNameLine1Txt |
| Business Name Line2 | C/O FRANK J SCARANO CPA PLLC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FRIE | BusinessNameControlTxt |
| Phone | 2129882772 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 44 PRYER TERRACE | AddressLine1Txt |
| City | NEW ROCHELLE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 108044419 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID C MCCUTCHEON | PersonNm |
| Person Title | VICE-PRES/TREASURER | PersonTitleTxt |
| Phone | 2129882772 | PhoneNum |
| Signature | 2021-12-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DAVID | PersonFirstNm |
| Person Last | MCCUTCHEON | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARY JANE PISANI CPA | PreparerPersonNm |
| PTIN | P00544583 | PTIN |
| Phone | 9146326633 | PhoneNum |
| Preparation | 2022-01-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | DAVID C MCCUTCHEON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 155 EAST 72ND STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100214371 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $6,667,153 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1945 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | TO ADVANCE EDUCATION AND MAKE GRANTS FOR CHARITABLE AND EDUCATIONAL PURPOSES | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $4,440,155 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,627,298 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $287,239 | PYInvestmentIncomeAmt |
| CY Investment Income | $347,795 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $4,727,394 | PYTotalRevenueAmt |
| CY Total Revenue | $4,975,093 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $5,443,837 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $4,802,560 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $34,459 | PYOtherExpensesAmt |
| CY Other Expenses | $33,480 | CYOtherExpensesAmt |
| PY Total Expenses | $5,478,296 | PYTotalExpensesAmt |
| CY Total Expenses | $4,836,040 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$750,902 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $139,053 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $9,283,342 | TotalAssetsBOYAmt |
| Total Assets EOY | $11,301,946 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $516,483 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $143,963 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $8,766,859 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $11,157,983 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO ADVANCE EDUCATION AND MAKE GRANTS FOR CHARITABLE AND EDUCATIONAL PURPOSES | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $4,720,720 | ExpenseAmt |
| Grant | $4,720,720 | GrantAmt |
| Desc | THE ORGANIZATION ADVANCES EDUCATION THROUGH GRANTS. THE GRANTS WERE FOR CHARITABLE PURPOSES TO THE ROYAL INSTITUTION FOR THE ADVANCEMENT OF LEARNING ALSO KNOWN AS MCGILL UNIVERSITY EIN 98-6001153. THE GRANTS MADE TO MCGILL UNIVERSITY WERE FOR GENERAL EDUCATIONAL PURPOSES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $81,840 | ExpenseAmt |
| Grant | $81,840 | GrantAmt |
| Desc | DONATIONS OF 19,000 TO MONTREAL GENERAL HOSPITAL 9,000 TO MONTREAL CHILDREN'S HOSPITAL AND 8,840 TO THE CEDAR CANCER FOUNDATION GIVEN FOR CHARITABLE PURPOSES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $4,802,560 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (true) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 1 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | CA | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRANK J SCARANO CPA PLLC | BusinessNameLine1Txt |
| Business Name Line2 | FRANK J SCARANO CPA PLLC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9146326633 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 44 PRYER TERRACE | AddressLine1Txt |
| Address Line2 | C/O MJ PISANI | AddressLine2Txt |
| City | NEW ROCHELLE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10804 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| DIANA M GALER | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MARGARET GILLIAM | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MARK ALBERT HANTHO | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ARTHUR L COLEMAN III | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| HAROLD J TRISCHMAN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ANTON ANGELICH | ||||||
| SECRETARY | 2.00 | $0 | $0 | $0 | Yes (X) | |
| MARC-ANDRE CHIFFERT | ||||||
| ASST SECRETA | 2.00 | $0 | $0 | $0 | Yes (X) | |
| GEORGE G MARINI | ||||||
| ASST TREASUR | 3.00 | $0 | $0 | $0 | Yes (X) | |
| DAVID C MCCUTCHEON | ||||||
| VICE-PRES/TR | 10.00 | $0 | $0 | $0 | Yes (X) | |
| JORDAN WAXMAN | ||||||
| PRESIDENT | 5.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $4,627,298 | AllOtherContributionsAmt |
| Noncash Contributions | $415,250 | NoncashContributionsAmt |
| Total Contributions | $4,627,298 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $272,678 | TotalRevenueColumnAmt |
| Exclusion | $272,678 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,767,177 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,692,060 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $75,117 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $75,117 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $75,117 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,975,093 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $75,117 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $272,678 | ExclusionAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,802,560 | TotalAmt |
| Program Services | $4,802,560 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,485 | TotalAmt |
| Management And General | $1,485 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,900 | TotalAmt |
| Management And General | $25,900 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,323 | TotalAmt |
| Management And General | $1,323 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,428 | TotalAmt |
| Management And General | $2,428 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|
| BANK CHARGES | $1,915 | $1,915 |
| LICENSES AND FEES | $429 | $429 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,836,040 | TotalAmt |
| Program Services | $4,802,560 | ProgramServicesAmt |
| Management And General | $33,480 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $491,440 | BOYAmt |
| EOY | $332,215 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,170,072 | BOYAmt |
| EOY | $1,130,580 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,621,830 | BOYAmt |
| EOY | $9,839,151 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,283,342 | BOYAmt |
| EOY | $11,301,946 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,497 | BOYAmt |
| EOY | $2,250 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $513,986 | BOYAmt |
| EOY | $141,713 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $516,483 | BOYAmt |
| EOY | $143,963 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,238,134 | BOYAmt |
| EOY | $1,408,217 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,528,725 | BOYAmt |
| EOY | $9,749,766 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,766,859 | BOYAmt |
| EOY | $11,157,983 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,283,342 | BOYAmt |
| EOY | $11,301,946 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $139,053 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $2,252,071 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,479,994 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,711,530 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,648,411 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,440,155 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,627,298 | CurrentTaxYearAmt |
| Total | $20,907,388 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,479,994 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,711,530 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,648,411 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,440,155 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,627,298 | CurrentTaxYearAmt |
| Total | $20,907,388 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $5,336,080 | SubstantialContributorsTotAmt |
| Public Support Total170 | $15,571,308 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $269,917 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $289,327 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $297,758 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $291,235 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $272,678 | CurrentTaxYearAmt |
| Total | $1,420,915 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $22,328,303 | TotalSupportAmt |
| Public Support CY170 | 0.69740 | PublicSupportCY170Pct |
| Public Support PY170 | 0.52990 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,521,725 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $2,597,004 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $335,856 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $40,107 | AdministrativeExpensesAmt |
| End Year Balance | $9,742,766 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,973,415 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$95,052 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $323,993 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $32,645 | AdministrativeExpensesAmt |
| End Year Balance | $7,521,725 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,283,084 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $61,865 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $342,419 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $29,115 | AdministrativeExpensesAmt |
| End Year Balance | $7,973,415 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,124,204 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $636,648 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $448,416 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $29,352 | AdministrativeExpensesAmt |
| End Year Balance | $8,283,084 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,612,964 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $862,928 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $324,710 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $26,978 | AdministrativeExpensesAmt |
| End Year Balance | $8,124,204 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 0.28960 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.71040 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (true) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $7,267,271 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $2,252,071 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $40,107 | OtherRevenueAmt |
| Revenue Not Reported | $2,292,178 | RevenueNotReportedAmt |
| Revenue Subtotal | $4,975,093 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $4,975,093 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $4,876,147 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $40,107 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $40,107 | ExpensesNotReportedAmt |
| Expenses Subtotal | $4,836,040 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $4,836,040 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 2, PART V, LINE 4 | TO ADVANCE EDUCATION AND MAKE GRANTS FOR CHARITABLE AND EDUCATIONAL TO MCGILL UNIVERSITY |
| SCHEDULE D, PAGE 3, PART X | THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THEY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. |
| SCHEDULE D, PAGE 4, PART XI, LINE 2D | ADMINISTRATIVE FEES 40,107 |
| SCHEDULE D, PAGE 4, PART XII, LINE 2D | ADMINISTRATIVE EXPENSES 40,107 |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| NORTH AMERICA | 1 | 1 | GRANTMAKING | EDUCATION | $4,720,720 |
| NORTH AMERICA | 2 | GRANTMAKING | CHARITABLE | $81,840 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 3 | SubtotalOfficesCnt |
| Subtotal Employees | 1 | SubtotalEmployeesCnt |
| Total Office | 3 | TotalOfficeCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Subtotal Spent | $4,802,560 | SubtotalSpentAmt |
| Total Spent | $4,802,560 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (11 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|
| NORTH AMERICA | PROGRAM SUPPORT | $172,665 | WIRE TRANSFER | BOOK |
| NORTH AMERICA | FACULTY | $935,606 | WIRE TRANSFER | BOOK |
| NORTH AMERICA | FACULTY OF MEDICINE | $63,564 | WIRE TRANSFER | BOOK |
| NORTH AMERICA | RESEARCH | $318,641 | WIRE TRANSFER | BOOK |
| NORTH AMERICA | LIBARIES | $254,050 | CHECK/WIRE | BOOK |
| NORTH AMERICA | UNDESIGNATED | $48,806 | WIRE TRANSFER | BOOK |
| NORTH AMERICA | STUDENT SUPPORT | $2,461,561 | WIRE TRANSFER | BOOK |
| NORTH AMERICA | INFRASTRUCTURE | $65,400 | WIRE TRANSFER | BOOK |
| NORTH AMERICA | EMERGING PRIORITIES | $400,427 | WIRE TRANSFER | BOOK |
| NORTH AMERICA | GENERAL SUPPORT | $20,840 | CHECK | BOOK |
| NORTH AMERICA | GENERAL SUPPORT | $56,000 | WIRE TRANSFER | BOOK |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 3 | Total501c3OrgCnt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE F, PAGE 1, PART I, LINE 2 | THE FRIENDS OF MCGILL UNIVERSITY WAS ESTABLISHED TO AWARD GRANTS AND ASSISTANCE EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, EDUCATIONAL AND LITERARY ACTIVITIES, INCLUDING, BUT WITHOUT LIMITING THE GENERALITY OF THE FOREGOING: THE PROVIDING OF SCHOLARSHIPS TO ENABLE STUDENTS FROM THE UNITED STATES TO ATTEND MCGILL UNIVERSITY AND CANADIAN STUDENTS TO UNDERTAKE POST-GRADUATE STUDIES IN THE UNITED STATES. ALL GRANTS ARE APPROVED BY THE BOARD OF DIRECTORS. THE UNIVERSITY PRESENTS GRANT PROPOSALS TO THE ORGANZIATION FOR APPROVAL. THE GRANTS ARE MONITORED BY THE STAFF OF MCGILL UNIVERSITY. THEY ATTEND THE FRIENDS OF MCGILL UNIVERSITY'S BOARD MEETINGS AND REPORT THEIR ACTIVITIES AND ACCOMPLISHMENTS. |
| SCHEDULE F, PAGE 1, PART I, LINE 3 | NORTH AMERICA 4,720,720 0 NORTH AMERICA 81,840 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 4 | ContributionCnt |
| Noncash Contributions Rpt F990 | $415,250 | NoncashContributionsRptF990Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART V, LINE 4B | CANADA |
| FORM 990, PAGE 6, PART VI, LINE 11B | A COPY OF THE ORGANIZATIONS FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS VIA E MAIL. |
| FORM 990, PAGE 6, PART VI, LINE 12C | ANY DIRECTOR OR OFFICER HAVING AN INTEREST IN A CONTRACT OR ANY OTHER TRANSACTION PRESENTED TO THE BOARD FOR RECOMENDATION, AUTHORIZATION, APPROVAL OR RATIFACATION SHALL GIVE PROMPT, FULL AND FRANK DISCLOSURE OF THEIR INTEREST TO THE BOARD PRIOR TO BOARD ACTION ON THE PROPOSED ARRANGEMENT. ANY PERSON HAVING MADE A DISCLOSURE MAY MAKE A PRESENTATION AT A BOARD MEETING, BUT AFTER THE PRESENTATION, THEY SHALL LEAVE THE MEETING DURING THE DISCUSSION OF AND THE VOTE UPON THE ARRANGEMENT INVOLVING THE POTENTIAL CONFLICT OF INTEREST, AND SUCH PERSON MAY NOT BE COUNTED IN DETERMINING THE EXISTENCE OF A QUORUM. THE BOARD SHALL THEREUPON DETERMINE, BY MAJORITY VOTE, WHETHER THE DISCLOSURE INDICATES THAT A CONFLICT OF INTEREST EXISTS OR COULD REASONABLY BE CONSTRUED TO EXIST. IF THE BOARD DETERMINES THAT A CONFLICT OF INTEREST EXISTS OR COULD REASONABLY BE CONSTRUED TO EXIST, THE BOARD SHALL INVESTIGATE ALTERNATIVES TO THE PROPOSED ARRANGEMENT AND AFTER EXERCISING DUE DILIGENCE, THE BOARD SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORT A MORE ADVANTAGEOUS ARRANGEMENT. AFTER THAT, DUE DILIGENCE CONSISTENT WITH THE QUORUM REQUIREMENT IN THIS SECTION, THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE ARRANGEMENT IS IN THE CORPORATIONS BEST INTEREST, WHETHER IT IS FAIR AND REASONABLE TO THE CORPORATION, AND WHETHER TO ENTER INTO THE ARRANGEMENT OR SOME OTHER MORE ADVANTAGEOUS ARRANGEMENT. THE MINUTES OF THE MEETING SHALL REFLECT THE DISCLOSURE MADE, THE VOTE THEREON, THE ABSTENTION FROM VOTING AND PARTICIPATION BY NAME, THE CONTENT OF THE DISCUSSION, AND WHETHER THE REQUIRED QUORUM WAS PRESENT. IF THE BOARD DISCOVERS THAT AN INDIVIDUAL APPEARS TO HAVE FAILED TO MAKE ANY MANDATORY DISCLOSURE, THE BOARD SHALL UNDERTAKE APPROPRIATE DUE DILIGENCE INVESTIGATION AND ANY NECESSARY DISCIPLINARY AND CORRECTIVE ACTION. EACH DIRECTOR, OFFICER, EMPLOYEE AND COMMITTEE MEMBER SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AGREES TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT THE CORPORATION IS A CHARITABLE ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES AND AVIOD PROHIBITED PRIVATE INUREMENT OF ITS ASSETS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | DOCUMENTS ARE PROVIDED TO THE PUBLIC UPON WRITTEN REQUEST VIA US MAIL OR E-MAIL. |
| FORM 990, PART XI, LINE 9 | ADMINISTRATIVE FEES 40,107 ADMINISTRATIVE EXPENSES -40,107 |
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